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RBCP

RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock

Delisted

RBCP was delisted on the 14th of October, 2024.

35 hedge funds and large institutions have $429M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% less capital invested

Capital invested by funds: $471M → $429M (-$41.2M)

13% less funds holding

Funds holding: 4035 (-5)

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
35
Holders Change
-5
Holders Change %
-12.5%
% of All Funds
0.55%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
4
Increased
11
Reduced
15
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
1
Franklin Resources
California
$64.9M +$110K +1,100 +0.2%
BlackRock
2
BlackRock
New York
$36.7M -$2.1M -20,962 -5%
WAM
3
Wolverine Asset Management
Illinois
$30.9M +$13.4M +133,673 +76%
ACM
4
Advent Capital Management
New York
$26.5M +$9.39M +93,800 +55%
Marshall Wace
5
Marshall Wace
United Kingdom
$24.9M
Allianz Asset Management
6
Allianz Asset Management
Germany
$24.3M -$8.61M -86,000 -26%
AAI
7
Aequim Alternative Investments
California
$19.9M +$2.5M +25,000 +14%
AGC
8
Angelo Gordon & Co
New York
$16.4M -$1.5M -15,000 -8%
MF
9
Magnetar Financial
Illinois
$15M +$2.5M +25,000 +20%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$14.3M -$210K -2,100 -1%
Morgan Stanley
11
Morgan Stanley
New York
$13.4M +$11.2M +111,958 +493%
Invesco
12
Invesco
Georgia
$12.5M
D.E. Shaw & Co
13
D.E. Shaw & Co
New York
$12.5M +$12.5M +125,000 New
ICM
14
III Capital Management
Florida
$11.5M -$2.5M -25,000 -18%
Wells Fargo
15
Wells Fargo
California
$10.7M -$8.55M -85,418 -44%
Bank of America
16
Bank of America
North Carolina
$10.2M -$6.92M -69,053 -40%
Susquehanna International Group
17
Susquehanna International Group
Pennsylvania
$9.95M +$2.5M +25,000 +33%
SM
18
Skaana Management
New York
$9.01M +$120K +1,194 +1%
PI
19
Putnam Investments
Massachusetts
$7.32M -$271K -2,702 -4%
State Street
20
State Street
Massachusetts
$7.23M -$3.31M -33,000 -31%
Mirae Asset Global Investments
21
Mirae Asset Global Investments
South Korea
$6.65M +$3.85M +38,479 +136%
SIM
22
SSI Investment Management
California
$6.54M -$275K -2,750 -4%
Lord, Abbett & Co
23
Lord, Abbett & Co
New Jersey
$5.73M -$20.8M -208,123 -78%
VanEck Associates
24
VanEck Associates
New York
$5.21M -$293K -2,925 -5%
Calamos Advisors
25
Calamos Advisors
Illinois
$4.7M

RBCP Hedge Fund Activity: Q1 2022 in Review

35 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) for Q1 2022, worth a combined $429M — down 8.8% from $471M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of RBCP and 4 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 11 added.

The largest buyer was Wolverine Asset Management, adding an estimated $13.4M. The largest seller was Lord, Abbett & Co, cutting an estimated $20.8M.

  • 35 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q1 2022, down from 40 in Q4 2021.
  • Funds reported $429M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q1 2022, down 8.8% quarter-over-quarter.
  • 4 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q1 2022 and 9 closed out, a net change of -5 holders.
  • The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q1 2022 was Wolverine Asset Management, an estimated $13.4M added.
  • The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q1 2022 was Lord, Abbett & Co, an estimated $20.8M sold.

Based on aggregated 13F filings for Q1 2022.